# Business tax: disposal of shares

Registered Posts: 27 💫 🐯 💫
Hi everyone,

"Clive purchased and sold shares in Deeco Limited as follows:

10 June 2002 Purchased 7,000 shares for £21,000
12 December 2012 Sold 1,500 shares for £4,800
2 January 2013 Purchased 9,800 shares for £32,830
31 March 2013 Sold all 15,300 remaining shares for £60,000

Calculate the gain or loss on the sale of shares on 12 December 2012?
Calculate the gain or loss on the sale of shares on 31 March 2013?"

Thank you.

• Registered Posts: 782
I get the the first disposal as a £225 loss, and the second as a £11195 gain. Do they match the answers given? If so, and you need the answers explaining, just say.
• Registered Posts: 2,525
I agree with NPS
~ An investment in knowledge always pays the best interest ~
Benjamin Franklin
• Registered Posts: 27 💫 🐯 💫
Thank you Nps1976 and Jo Clark.

That's correct.
• Registered Posts: 782
The first disposal is taken from the 2 Jan 13 shares as they were purchased within 30 days of the sale.

10/6/12 7000 21000

12/12/12 (1500) (5025)

2/1/13 9800 32830

31/3/13 15300 48805

The first disposal cost 5025 (32830/9800*1500) and were sold for 4800
The second disposal cost 48805 and was sold for 60000
• Registered Posts: 27 💫 🐯 💫
Ok thanks again. That's very nice.